India becomes the leading trading partner for Dubai

DUBAI: India has topped the list of major trading partners of Dubai, with its total trade exchange valued at USD 34.5 billion during the first 10 months of 2012.

India is followed by China with trade worth USD 25.5 billion. The US, Switzerland, and Turkey are also in the list of top five trading partners, according to data released by the Administration of Strategy and Corporate Excellence at Dubai Customs. The value of Dubai's trade with these five countries was USD 107.5 billion, representing 38.5 per cent of Dubai's total non-oil foreign trade.

In a statement released to UAE's official news agency, Wam, Ahmed said this steady growth of Dubai's trade with the world reflects the recovery in the domestic economy from the global financial crisis. "It coincides with Dubai launching many new development projects in the economic, recreational and real estate areas," Ahmed said.